Envision seeks to build a battery factory in France

Published: Sep 15, 2020 15:14

Save

SMM9 March 15: Envision, a French newspaper, reported on Sunday that China Vision Energy Co., Ltd. is seeking to invest hundreds of millions of euros in building a battery factory in France to meet the growing electric battery market. The new battery factory is expected to start production by the end of 2023 and will create about 1,000 jobs.

The company has battery production plants in Japan, the United States and China, and it is reported that there are 12 locations to choose from.

Vision Technology Group (Envision Group) is a leading global green technology company. With the mission of "solving challenges for the sustainable future of mankind", the Group owns Smart Wind Power Technology Enterprise Vision Energy, Smart Battery Enterprise Vision AESC, Vision Intelligence to develop the world's leading intelligent IoT operating system, and Vision Virgin Electric Formula team. The vision continues to promote wind power and photovoltaic power into "new coal", batteries and hydrogen fuel into "new oil", and smart Internet of things into "new Electroweb", creating a better zero-carbon world.

"Click to understand and sign up: 2020 China Automotive New Materials Application Summit Forum

Scan the QR code above to view the business cards of the participating companies and sign up online

Scan the code and apply to join the SMM Automotive Industry Exchange Group.

Battery Envision

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 mins ago

Canada Nickel Selects Komatsu and SMS Equipment for Crawford Nickel-Cobalt Project, Plans C$1.5 Billion Fleet Purchase

According to Canada Nickel on September 14, the company has selected Komatsu and its Canadian dealer SMS Equipment to provide loading, hauling and supporting mining equipment for the Crawford nickel-cobalt sulphide project. Canada Nickel expects to purchase more than 300 pieces of equipment over the project’s roughly 40-year mine life, with a total current value of approximately C$1.5 billion. The parties aim to finalize the agreement by the first quarter of 2027. Crawford is 100%-owned by Canada Nickel and is the company’s flagship nickel-cobalt sulphide project. The selection of key equipment suppliers marks another step toward construction readiness. Komatsu’s proposed solutions also include autonomous haulage, fleet management and electrification technologies. As equipment procurement and engineering preparations advance, the Crawford project is moving closer to commercial development and could strengthen future North American supply of domestic nickel and cobalt resources.

9 mins ago

1 hour ago

[Energy Storage: Envision, CATL Win 100MW/400MWh LFP+Sodium Storage Bids in Hebei]

On Sept 15, bid results were announced for energy storage system procurement of the Renqiu Zhihong 100MW/400MWh LFP plus sodium-ion independent storage pilot project in Hebei. Lot 1 covers LFP systems (30MW/120MWh large-capacity plus 60MW/240MWh long-life), won by Envision Energy at RMB 194.616 million, or RMB 0.518/Wh. Lot 2 covers a 10MW/40MWh sodium-ion system, won by CATL at RMB 41.416 million, or RMB 1.035/Wh. The project pilots a mixed LFP-sodium technology route for grid-side storage.

1 hour ago

[Lithium Battery: Ganfeng Lithium Battery Unit Raises Registered Capital 10% to RMB 3.51bn]

Public records show Jiangxi Ganfeng Lithium Battery Co. completed a registration change on Sept 15, with registered capital rising about 10% from RMB 3.18bn to RMB 3.51bn. Founded in 2011, the company develops, produces and sells lithium-ion power batteries, fuel cells and energy storage batteries. The increase is expected to support its power and energy storage battery expansion.

1 hour ago